Las Vegas Sands Corp. (LVS) has reported a 9.23 percent rise in profit for the quarter ended Dec. 31, 2016. The company has earned $509 million, or $0.64 a share in the quarter, compared with $466 million, or $0.59 a share for the same period last year. On the other hand, adjusted net income for the quarter stood at $491 million, or $0.62 a share compared with $494 million or $0.62 a share, a year ago.

Revenue during the quarter grew 7.44 percent to $3,075 million from $2,862 million in the previous year period. Total expenses were 78.24 percent of quarterly revenues, up from 75.47 percent for the same period last year. That has resulted in a contraction of 277 basis points in operating margin to 21.76 percent.

Operating income for the quarter was $669 million, compared with $702 million in the previous year period.

However, the adjusted EBITDA for the quarter stood at $1,115 million compared with $1,051 million in the prior year period. At the same time, adjusted EBITDA margin contracted 46 basis points in the quarter to 36.26 percent from 36.72 percent in the last year period.

Mr. Sheldon G. Adelson, chairman and chief executive officer, said, "We are pleased to have delivered a solid operating performance in each of our markets, which enabled us to generate $1.12 billion in adjusted property EBITDA for the quarter, an increase of 6.1% compared to the fourth quarter of 2015. "Our focus remains on the consistent execution of our proven global growth strategy, which leverages the power of our unique convention-based Integrated Resort business model. We are particularly encouraged by the recent passage of the IR Promotion Bill in Japan as it paves the way for more detailed legislation that we believe will create opportunities for us to bring the economic benefits of our industry-leading convention-based Integrated Resort business model to this dynamic and promising market."